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STV Group note in 2016 full-year results to December it had revolving credit and overdraft bank facilities in place totalling £60 million (2015: £60 million) and as of the year end £40 million of the facility was drawn down.

The Glasgow-based broadcaster notes Santander has now “increased its commitment” to provide £40 million of the facility, with Barclays providing the remaining £20 million.

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George Watt, chief financial officer at STV Group, said: “We are pleased to have agreed this bank facility extension which has been reached through our ongoing close relationships with both Santander, which has become the group's largest lender as well as providing retail banking services, and Barclays.”